Shipping coins question

erwindoc

Lots of threads recently about coins missing in shipment. What do you feel is the safest way to get coins from one location to another aside from having an armored vehicle take them there. Registered? Express mail with insurance? FedEx? UPS?

amwldcoin

No question Registered Mail as long as your shipment doesn't exceed the value....of course Brinks is probably safer...are you shipping several hundred K? Less than 25K registered mail!

commoncents05

If you don't mind it taking two weeks, Registered is your best bet. If you want something quick, and slightly less secure, go Express. I prefer Express because you know in one day if there was any issue.

-Paul

Wabbit2313

The safest way without registered is box in box. Most crooks are not going to open a big box and then a smaller one, knowing they are on camera. Start with that tall medium flat rate box. Nowhere to hide that sucker if they try to steal the whole package.

This is also the reason insurance requires that. (At least mine)

TwoSides2aCoin

USPS has been working for me since the days of licking stamps. Some lady sent me ten dollars in the mail the other day. I sent her some presidential dollars. She only lives about 8 miles from the shop, but why risk having an accident and burning up all that gas ? Self sticking stamps worked just fine. If she would have sent $100 bill, I would have added more stamps.

BAJJERFAN

<< <i>No question Registered Mail as long as your shipment doesn't exceed the value....of course Brinks is probably safer...are you shipping several hundred K? Less than 25K registered mail! >>



It doesn't matter if your shipment exceeds $25K. You pay an extra fee for extra security appropriate to the value of the shipment. They would handle a $250K package differently than a $2K one and which could include following the delivery in an unmarked vehicle.

lostincoins

USPS registered just insure it. I have only had one issue and the USPS had a supervisor look into it right away and it was a mistake by the carrier and fixed right away.

lcoopie

Registered

BryceM

It all comes down to a risk-benefit analysis. For stuff that I could cover with no difficulty, USPS First-Class in a padded mailer is fine. The rate of loss is statistically quite low. I don't insure these either and over time, even with a lost package here and there, I'll come out ahead.

For stuff that would be bothersome if lost, I use USPS Priority. For stuff that would create real difficulties if it were to disappear, USPS Express box-in-a-box is fine. For mission-critical shipments (such as a major part of my collection or for pieces which simply could not be replaced), USPS Registered is the only way to go.

I imagine that at 6 & 7 figure values the rules would change, with Brinks or hand delivery becoming attractive options.

koynekwest

Registered-absolutely! Never had an issue in over 35 years.

derryb

Registered is most secure, but prices start at around $19. Max insurable is $25K, the more insurance the more the cost. Two flavors - first class registered for under 13 oz. and priority registered is required for over 13 oz, but you can take advantage of priority flat rate shipping discounts and boxes. Shipping priority registered does not expedited the shipment. Recently shipped a registered priority shipment (13.2 oz.) cross country with $3K insurance for $27.70 Included $1.35 for electronic return receipt (online signature confirmation). Registered is slow, normally 5-10 days and has special exterior package requirements and requires the 4" x 4" white postal form 3806. USPS will insure bullion only if sent registered.

I find that when using USPS, Registered is also cheapest when items over $750 are being insured. My mailman tells me there is a motto at the office: "lose a registered shipment, lose your job." Appears there is a signature chain of custody throughout the shipment process for registered packages.

RYK

<< <i>If you don't mind it taking two weeks, Registered is your best bet. If you want something quick, and slightly less secure, go Express. I prefer Express because you know in one day if there was any issue.

-Paul >>


Agree. It seems like speed may trump security, in these cases. The longer the package is handing around out there, the more likely there is to be a delay and/or issue.

I have never had an EM package more than a day late and never had one lost.

mrearlygold

I shipped quite a few in the last few days, 2 coins that together were close to 400K went registered insured using my insurance and the rest of them, all under 125K each with a smattering of coins in the 25-50K range went express mail.

Just the way it happened.

ricko

Registered for sure.... never had a problem that way. Cheers, RickO

TJM965

Unfortunately the post office has to come up with a better way to make sure their employees can not abscond
with any mail items.

Brol

...wrong thread...